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Hong Kong’s six new spot bitcoin and ether ETFs recorded roughly HK$87.5 million ($11.2 million) in trading volume on their first trading day on Tuesday, according to the Hong Kong Stock Exchange data.ChinaAMC’s spot bitcoin ETF led in trading volume, logging HK$37.16 million on the day, and its assets under management reached $121.7 million.In comparison, when the 11 spot bitcoin ETFs began trading in the U.S. in January, their daily turnover reached about $4.6 billion on the first trading day.
MicroStrategy’s total Bitcoin purchase so far in 2024 is valued at $1.65 billion.
Spot bitcoin exchange-traded funds in the U.S. witnessed more than $51.5 million in net outflows on April 29.BlackRock’s iShares Bitcoin Trust had net inflows of $0.HKEX listed six spot bitcoin and ether ETFs today.
The trading volume of the newly listed spot bitcoin and ether ETFs in Hong Kong amounted to over $6.3 million during the morning session today, according to HKEX data. In comparison, when the 11 spot bitcoin ETFs began trading in the U.S. in January, their daily turnover reached about $4.6 billion on the first trading day.
Ongoing outflows of $435 continue as incumbent ETF issuers witness withdrawals.
- 04:32CryptoQuant CEO: Trump's coin issuance signifies that social influence will be measured by market value rather than the number of fansCryptoQuant CEO Ki Young Ju posted on X saying, "Social influence will soon be measured by market value rather than the number of fans. Trump's coin issuance yesterday marked this shift. Unless someone stronger than the president intervenes, it is inevitable. As victims emerge, chaos will affect the law - that's the saddest part."
- 04:27Market News: TRUMP team withdraws 5 million USDC liquidity from Meteora pool to exchange for SOLAccording to market news, the TRUMP team withdrew 5 million USDC liquidity from the Meteora pool, exchanged it for SOL, and then sent it to the CEX deposit address.
- 04:23A certain address sold TRUMP worth 8.23 million USD in nearly 2 hours, making a profit of 6.99 million USDChain analysts have observed that an address sold 310,000 TRUMP in the past two hours and converted it into 8.23 million USDC, making a profit of 6.69 million USD. This address used 1.54 million USDC to purchase 310,000 TRUMP at an average price of $4.95 per unit yesterday at noon. It then began selling TRUMP two hours ago and has now completely sold out for a total of 8.23 million USDC, with an average selling price of $26.5 per unit. In just twenty-two hours, they made a profit of $6.69 million (+434%) on their TRUMP holdings.